IFP Advisors Inc Has $12.01 Million Stock Position in The Home Depot, Inc. $HD

IFP Advisors Inc boosted its position in The Home Depot, Inc. (NYSE:HD) by 20.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 32,760 shares of the home improvement retailer’s stock after acquiring an additional 5,631 shares during the quarter. IFP Advisors Inc’s holdings in Home Depot were worth $12,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Legend Financial Advisors Inc. acquired a new position in Home Depot in the 2nd quarter valued at $28,000. Abound Financial LLC acquired a new position in Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC grew its stake in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 46 shares during the last quarter. Global X Japan Co. Ltd. acquired a new position in Home Depot in the 2nd quarter valued at $40,000. Finally, GFG Capital LLC acquired a new position in Home Depot in the 2nd quarter valued at $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a report on Wednesday. Oppenheimer increased their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Morgan Stanley increased their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Price Performance

NYSE:HD opened at $377.66 on Friday. The company has a 50-day moving average of $403.50 and a 200-day moving average of $376.99. The company has a market capitalization of $375.92 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 3.64 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.